Monday, December 18, 2006

December 18, 2006

Current listing inventory - 206 active listings in Owatonna. Inventory is slowly declining for the last 3 weeks and has been trending downward over the last seven weeks and is down from the high of 243 in October. Average days on the market in Owatonna is currently 134 days, this has been trending upward slightly. Interest rates ticked up just a bit last week but continue to be very favorable and are at 5.75% for a 30 year fixed on December 15th, 2006. Merry Christmas to Everyone!!

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